CVC Capital Partners Acquires M Group Services from PAI Partners

Milwaukee Capital Partners Acquires MPP Group LLC

June 23, 2025

Pharmaceuticals

Milwaukee Capital Partners LLC acquired MPP Group LLC in an all-cash transaction effective May 1, 2025, with a minority investment from Concordia University Ventures. MPP Group will remain headquartered in Mequon, Wisconsin and continue to be led by Benjamin Nelson, Ph.D.; the deal provides capital to expand the company's contract analytical and injectable formulation development services.

CVC Capital Partners Acquires Majority Stake in Grupo GSH

April 16, 2025

Healthcare Services

CVC Capital Partners (Fund IX) will acquire a majority stake in Grupo GSH from Rede D’Or and Opus Investimentos, subject to regulatory approvals expected in Q3 2025. Grupo GSH, headquartered in Rio de Janeiro, is a leading Brazilian provider of hemotherapy (blood bank) and nuclear medicine/radiopharmacy services that serves hospitals and diagnostic centres across the country; CVC said it will support growth into new product categories and patient services.

M Group Services Acquires AgilityEco from Bridges Evergreen

January 5, 2024

Energy

M Group Services has acquired AgilityEco, a UK home decarbonisation delivery platform, from Bridges Evergreen. The sale delivered a 3.4x money multiple and a 40% IRR for Bridges Evergreen; AgilityEco provides whole-house energy-efficiency solutions, has grown to turnover well over £100m and worked with 36,000 households in 2022/23.

PAI Partners to Acquire Majority Stake in Infra Group

July 6, 2023

Infrastructure

PAI Partners has agreed to acquire a majority stake in Infra Group, a Belgium-headquartered multi-disciplinary network infrastructure services provider. The investment will make PAI the largest shareholder alongside existing investors ICG, Andera Partners and the management team, and will support Infra Group's growth strategy to accelerate expansion organically and via complementary acquisitions.

PAI Partners Agrees to Acquire Majority Stake in ECF Group

June 14, 2023

Logistics & Distribution

PAI Partners has made a binding offer to acquire a majority stake in ECF Group from French private equity firm Naxicap Partners, with Naxicap remaining a minority investor alongside management. ECF is an omnichannel B2B distributor of equipment, consumables and hygiene products for hospitality and care professionals, headquartered in Grigny, France (~1,750 employees, ~€760m revenue); PAI intends to accelerate growth organically and via acquisitions to consolidate the fragmented market.

M Group Services (PAI-backed) Acquires IWJS, Avonline Networks and Tomato Plant Company

April 16, 2019

Industrial Services

PAI Partners-backed M Group Services has acquired Industrial Water Jetting Systems (IWJS), Avonline Networks and Tomato Plant Company (TPC) as add-ons to its platform. The transactions expand M Group Services' utilities and telecom capabilities across the UK and will see IWJS and Avonline operate as standalone businesses while TPC will be rebranded as IWJS Specialist Services.